Washington Technology Industry Association
Facts
- HQ
- Washington
- Sectors
- IT Services and IT Consulting
- Employees
- 116
Pro.com lays off 52 employees as COVID-19 halts construction; CEO Matt Williams confirms WARN filing
Seattle-based Pro.com laid off 52 employees after COVID-19 halted its construction work, and the company is resuming jobs with new safety and contact-tracing measures. CEO Matt Williams said the cuts were disclosed in a Washington WARN filing and affect a company that employs about 150 people on LinkedIn.
University of Washington-Bothell and iInnovate Network report: Seattle tech, health and life-sciences grew in 2019 but COVID-19 threatens startups
The fifth annual Seattle Tech Ecosystem Report from University of Washington-Bothell School of Business and iInnovate Network finds Seattle’s tech, health and life-sciences sectors continued growing in 2019, with STEM jobs, GDP and venture investment strength, but warns COVID-19 creates uncertain short- and long-term impacts on startups and hiring. The report highlights local resources and notes many startups face cash-runway pressures while major firms like Microsoft and Amazon may weather the crisis and gain share.
Survey: Over 50% of Seattle-area Startups Have Less Than Six Months Cash Runway; 23% Under Two Months
A Washington Technology Industry Association survey found more than half of Seattle-area startups have under six months of cash runway and 23% have under two months, with smaller firms faring worse and only 39% receiving PPP loans. About a quarter have cut at least 10% of staff, fewer than 25% have investor backstops, while some sectors like telemedicine and cloud computing continue hiring.
Glowforge and Lytics Turn Down ~$3.85M in Approved PPP Loans to Leave Aid for Smaller Businesses
Two venture-backed Pacific Northwest tech startups, Glowforge and Lytics, declined approved Paycheck Protection Program loans of about $1.85 million and $2 million respectively, choosing to leave funds for smaller businesses that lack access to capital after concluding they could avoid layoffs and survive the crisis.
Foursquare and Factual merge under Foursquare brand with David Shim named CEO; Sue Desmond-Hellmann joins Pfizer board
Foursquare and Factual are merging under the Foursquare brand with Placed founder David Shim as CEO; Sue Desmond-Hellmann joined Pfizer’s board after leaving the Gates Foundation, and other executive moves include Microsoft hiring Rubén Caballero and leadership change at Egencia.
People
See all 6-
Michael Schutzler Executive, Former CEO, Former Chief Executive Officer, Former WTIA Leader
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Nick Ellingson Executive, VP, Innovation & Entrepreneurship
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Arry Yu Chair of the Advanced Technologies Cluster
